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HOTEL INDIGO IS SET TO OPEN IN UBUD, BALI

Slated to Open in 2028, IHG Hotels & Resorts) and PT Tiara Hotel Bali International
Sign Agreement to Develop New Hotel Indigo Ubud



Jakarta – 24 November 2025

PT Tiara Hotel Bali International and IHG Hotels & Resorts have signed a hotel management
agreement for 130-key Hotel Indigo Ubud in Bali, Indonesia. Opening in 2028, the site is
located on the edge of Tegenungan Waterfall in Gianyar, Bali, a popular destination for
international and domestic visitors. The signing ceremony held on 22 September 2025, with
agreement signed by Olivia Padang and Michella Ristiadewi of PT Tiara Hotel Bali
International and Vivek Bhalla, Managing Director, South East Asia & Korea, IHG Hotels &
Resorts. The signing was witnessed by Rajit Sukumaran, Senior Vice President and
Managing Director of East Asia & Pacific, IHG Hotels & Resorts.




Indonesia as a market continues to grow for IHG with 32 hotels and a further 11 in the
pipeline across 10 destinations within the country. This signing furthers enhances IHG's
luxury & lifestyle presence across Indonesia.
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About IHG Hotels & Resorts

IHG Hotels & Resorts is a global hospitality company, with a purpose to provide True
Hospitality for Good. With a family of 20 hotel brands and IHG One Rewards, one of the
world's largest hotel loyalty programmes with over 145 million members, IHG has more
than one million rooms and 6,700 open hotels in over 100 countries, and a development
pipeline of over 2,200 properties. InterContinental Hotels Group PLC is the Group's holding
company and is incorporated and registered in England and Wales.

IHG Hotels & Resorts operate 6,600+ global destinations with 20 hotel brands, including Six
Sense, Regent Hotels, Intercontinental Hotels & Resorts, Kimpton, Hotel Indigo and
Holiday Inn.



About PT Tiara Hotel Bali International

PT Tiara Hotel Bali International is a subsidiary of PT Ristia Bintang Mahkotasejati Tbk, a
publicly listed company at the Indonesian Stock Exchange (IDX). Ristia Group’s portfolio
includes housing development in Jabodetabek and Karawang area, and 5-star hotel in Bali.


(Note: This press release contains forward-looking statements. Forward-looking statements are not guarantees of future
performance or events and involve risks and uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated at the time the forward-looking statements are made. These risks and
uncertainties are presented in detail in our filings with the Securities and Exchange Commission. Although we believe the
expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no
assurance that our expectations will be attained or that results and events will not materially differ. We undertake no
obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future
events or otherwise.)

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unresolved org PT Tiara Hotel Bali International Sign Agreement p.1
unresolved org PT Tiara Hotel Bali International p.1 ×4

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